Birketts advises on successful shareholder exit for Youngman Group having advised on the original MBO
The multi-award winning Birketts' corporate and commercial team has advised the shareholders of Youngman Group on a successful exit having advised on the original MBO in 2005. The financial value of the acquisition was not disclosed.
The agreed takeover of the Youngman Group by ladder maker Werner Access Products UK has been cleared by the Competition and Markets Authority (CMA).
Essex-based Youngman Group, with its head office, factory and repair centre in Maldon, is one of the world's leading suppliers of light access equipment with distributors in more than 25 countries.
Speaking on the transaction, Paul Bentley, managing director at Youngman Group Ltd said: “The team at Birketts provided exceptional levels of service and kept command of the process throughout to ensure a successful outcome. Having worked directly with Birketts for a number of years the industry-recognition that they are now receiving is richly deserved.”
Adrian Seagers, head of Birketts' corporate services division, and Nick Burt, senior associate, led the Birketts team on the transaction. Adrian Seagers commented: “The work was primarily carried out by the Cambridge team, including Adam Murphy, Karl Pocock and Louise Agnew. I am delighted that the shareholders have made a successful exit nine years after we advised on the MBO. The deal will allow Werner Access Products UK to offer a single integrated portfolio that combines their complementary strengths."
Birketts was crowned ‘corporate and commercial regional firm of the year’ at The Legal 500 UK Awards and ‘corporate law firm of the year’ at the Central & East Dealmakers Awards in October.